XYZ Corporation owns assets that have a 50% probability of having a market value of $30 in one year and a 50% chance that the assets will be worth only $20. The current risk-free rate is 6%, and XYZ’s assets have a cost of capital of 12%. Assume perfect capital markets. Assume debt holders require 3% risk premium. a. Suppose XYZ has debt with a face value of $35 due in one year. What is the current market value of XYZ’s equity? b. Suppose XYZ has debt with a face value of $45 due in one year. What is the current market value of XYZ’s equity in this case?